1. What is the minimum public shareholding (MPS) mandated by SEBI for Private Companies and PSUs respectively?
A. 75% and 90%
B. 90% and 75%
C. 10% and 25%
D. 25% and 10%
Answer: Option D
2. Currently, which among the following products is facing imports ban from China?
A. Milk and Milk products
B. Rice
C. Telecom equipment
D. Heavy electrical engineering equipment
Answer: Option a
3. Why the Indirect taxes are termed regressive taxing mechanisms?
A. They are charged at higher rates than direct taxes
B. They are charged the same for all income groups
C. They are not charged the same for all income groups
D. None of the above is a correct reason
Answer: Option B
4. The concept of ‘Universal Banking’ was implemented in India on the recommendations of:
A. Abid Hussain Committee
B. R H Khan Committee
C. S Padmanabhan Committee
D. Y H Malegam Committee
Answer: Option B
5. Which among the following is the oldest Public Sector Bank of India?
A. Punjab National Bank
B. Imperial Bank of India
C. Allahabad Bank
D. Central Bank of India
Answer: Option C
6. Which of the following Price Indices of India is considered for measuring ‘Headline Inflation’?
A. GDP Deflator
B. CPI-AL/RL
C. CPI-IW
D. WPI
Answer: Option D
7. Which of the following agricultural commodity of India gives largest in terms of export value?
A. Tea
B. Basmati Rice
C. spices
D. cotton
Answer: Option B
8. The central nodal agency for implementing the price support operations for commercial crops is:
A. NAFED
B. NABARD
C. TRIFED
D. FCI
Answer: Option A
9. Which of the following statements regarding the ‘Viability Gap Funding Scheme (VGF)’ is not true?
A. Under VGF, the central government meets up to 20% of capital cost of a project being implemented in public private partnership (PPP) mode
B. The scheme is administered by the ministry of finance.
C. Sectors eligible for VGF are Infrastructure, health and education.
D. VGF is a force multiplier, enabling government to leverage its resources more effectively.
Answer: Option C
10. The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availability
1.Paper
2.Hank Yarn
3.Fertilizers
4.Petroleum and Petroleum Products
5.Cotton and Jute seeds
A. 1, 2 and 3
B. 1, 3 and 4
C. 3, 4 and 5
D. 2, 3, 4 and 5
Answer: Option D